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How much allowance do you think a 10-year old who does the occasional babysitting but not many chores should have? Weekly, monthly, even daily?

asked 29 Sep '09, 00:01

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Isaac Waller
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edited 29 Sep '09, 00:08

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Scott ♦♦
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I would think it depends on how much he babysits. Is it every day or every week? I would pay him a few dollars an hour so that way he doesn't feel like he is the parent. I would pay him each time he does babysit. Sit down and work out a system that both you and your 10-year old feels comfortable with and that you both agree to. You want to be careful and respectful of the 10 year old's responsibilities so he doesn't hold this against you for always having to watch his younger siblings!

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answered 29 Sep '09, 00:10

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Melissa 1
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So this means that the child does not actually get pocket money, but instead actually earns his allowance. In my opinion children at that age can be given a small allowance as well as earning a bit extra from chores or babysitting.

(06 Oct '09, 08:36) Emi
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When I was growing up we only got an allowance for doing chores. I have actually never heard of anyone giving thier child an allowance as "fun money" without having to somehow earn it. Maybe that's a new thing these days, or cultural? Our parents did, however, buy us things we asked for now and then that were just for fun.

(10 Oct '09, 06:43) Sabrina
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Pocket money (which is Allowance in British English )is just that, a small amount that is paid to young children for personel, miscellaneous spending without having to earn it. This was and still is quite common as far as I am aware. There are also parents who just prefer to pay "allowances" to their children for completion of chores, and some parents do both. I always imagined that American parents would be more relaxed than their British counterparts :)

(14 Oct '09, 20:43) Emi

Depending on his hobbies and pastimes I would give a weekly allowance. When deciding about the amount take into account things that motivate him. He could spend his allowance or pocket money on comics, books, or save for something like a new dvd or computer game. The amount should be reasonable for you, afterall this is pocket money.

For successful completion of chores you could pay him an accumalated amount at the beginning of each month. This could encourage him to save for bigger items and at the same time help him to understand the difference between earning from chores and being given an allowance.

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answered 29 Sep '09, 21:26

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Emi
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Here is a free book that I found with about 20 different opinions about allowance. I believe that reading this (short book) will help you gain some ideas and help you make a plan that fits for you and your son. All the best!

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answered 30 Sep '09, 06:01

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edited 30 Sep '09, 09:36

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Hi! I removed PassionParent.com from the end because it wasn't directly related to this question, but there is a field in your user profile where you're encouaged to enter your website. Please feel free to enter it there. Thanks for your answer!

(30 Sep '09, 09:37) Scott ♦♦

How about using allowance to teach some life skills while you are rewarding them for the babysitting. You didnt really specify how much babysitting they are doing, or what kind of financial situation you are in but lets say that they are doing a few hours a week and that you have a few bucks to spare. I would give them $20 per week with conditions for the babysitting. I would create a chart of chores and their corresponding monetary value as an incentive to earn more money. I would set up a system where they would have to allocate that money to different 'departments' lets call them. Out of that base $20, they have to save $5, they can spend $8, they have to invest $5 and they have to give $2 to a charity. You can open a bank account for them and each week/month, take them to make their deposit. You can find an investment that you are comfortable with and teach them how to grow their money. You can have them pick out a charity that they wish to support and teach them about philanthropy and lastly/most importantly, you will be teaching them fincnaical responsibility. I think we as parents all too often forget that kids have no clue about how to be smart with money and its up to us to teach them while rewarding them for their good deeds and helpfulness.

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answered 01 Oct '09, 03:00

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dreamerisme
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$1 per year of age - so in this case $10

At least half should have no strings attached, but you might choose to withhold $1 or $2 if their room is messy, being disrespectful, etc. I think there needs to be some minimum guaranteed amount so they can make plans - eg save for 4 weeks to buy X, or to have some money for a treat at school, etc

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answered 01 Oct '09, 04:22

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Antony
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Asked: 29 Sep '09, 00:01

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Last updated: 01 Oct '09, 04:22